Why can’t our economy promote equality and shared prosperity?

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Courtesy of Jim Hightower

You don’t have to be in “Who’s Who” to know what’s what. For example, if a tiny group of Wall Street bankers, billionaires and their political puppets are allowed to write the rules that govern our economy and elections, guess what? Only bankers, billionaires and puppets will profit from those rules.

That’s exactly why our Land of Opportunity has become today’s Land of Inequality. Corporate elites have bought their way into the policy-making backrooms of Washington, where they’ve rigged the rules to let them feast freely on our jobs, devour our country’s wealth and impoverish the middle class.

There’s good news, however! A growing grassroots coalition of churches, unions, civil rights groups, citizen activists and many others is organizing and mobilizing us to crash through those closed doors, write our own rules and reverse America’s plunge into plutocracy. Called “Take On Wall Street,” the coalition’s structural reforms include:

•Getting the corrupting cash of corporations and the super rich out of our politics by repealing Citizens United and providing a public system for financing America’s elections.

•Stopping “too big to fail” banks from subsidizing their high-risk speculative gambling with the deposits of us ordinary customers, making them choose to be a consumer bank or a casino, but not both.

•Instituting a tiny “Robin Hood Tax” on Wall Street speculators to discourage their computerized gaming of the system, while also generating hundreds of billions of tax dollars to invest in America’s real economy.

•Restoring low-cost, convenient “postal banking” in our Post Offices to serve millions of Americans who’re now at the mercy of predatory payday lenders and check-cashing chains.

To learn more about this campaign and its reform agenda to democratize America’s financial system, go to TakeOnWallStreet.org.

This opinion column does not necessarily reflect the views of Boulder Weekly.

  • ernie_oertle

    I would be inclined to call `the wrecker’ .. President GoldmanSachs, because of the close-counsel He keeps w/ crony-corruption/DemParty-funders who are the go-betweens for politico/economic elites & His fascistic-socialistic diminishment-&-designed-decline of theEconomy – which Jim’s lying-eyes see but Jim’s persuadable liberal brain has been _made to believe_ is Recovery. JimHighchair is one of those nice liberals – I’m sure he is a nice liberal – who doesn’t exercise much sense about economics. He has been _made to believe_ it is all about class-warfare, but given that Dems are championing policies that benefit the very very rich & .. some of the poor(aimed at keeping them poor) .., at the expense of the middle class == this would seem to be an odd & tragic failure of Jim’s gumption.